The $100,000 pledge from Blockchain for Impact will be matched by community
Polygon co-founder Sandeep Nailwal has launched a stablecoin donation channel for Nepal’s official disaster fund, with Blockchain for Impact pledging $100,000 to the campaign. The initiative began on September 4, 2026, and allows contributors to send cryptocurrency that will be converted into Nepalese rupees for relief efforts. The drive supports victims of recent flooding and landslides across the country. How the Stablecoin Channel Works Donors can contribute USDC or other approved stablecoins through a dedicated wallet address managed by Blockchain for Impact. Once received, the funds are instantly converted into local currency via regulated exchanges in Nepal. The converted rupees are then transferred directly to the Prime Minister’s Disaster Relief Fund. Nailwal emphasized that transparency and speed were key goals in designing the system. He noted that traditional aid channels often face delays, while blockchain enables near-instant settlement.
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XRP Spot Trading Stalls Despite Recent Price GainsThe $100,000 pledge from Blockchain for Impact will be matched by community donations up to a certain limit. What Safeguards Ensure Funds Reach Intended Recipients? All transactions are recorded on the Polygon blockchain for public verification. Independent auditors will review the conversion and transfer process monthly. Blockchain for Impact has partnered with a licensed financial institution in Kathmandu to handle fiat conversion and disbursement. The organization stated that no funds will be held in crypto wallets longer than necessary to minimize volatility risk. Regular public reports will detail the amount collected, converted, and distributed. Nailwal said accountability is critical to maintaining donor trust in crypto-based philanthropy. Frequently Asked Questions Is the donation channel open to international contributors? Yes, anyone with a cryptocurrency wallet can donate USDC or other supported stablecoins from anywhere in the world. How quickly are funds converted and sent to Nepal’s disaster fund?
Conversion and transfer typically occur within 24 hours of receipt, depending on bank processing times in Nepal. Will donors receive confirmation of their contribution? Yes, all donors will receive a transaction hash on the Polygon blockchain as proof of their donation, which can be publicly verified.